Coronavirus: UK government draws up plan to rescue key firms

Coronavirus: UK government draws up plan to rescue key firms

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The UK government has indicated it is prepared to rescue large British companies severely impacted by the coronavirus crisis.

The bailout plan, named “Project Birch”, was mentioned by Transport Secretary Grant Shapps in Parliament last week when discussing the future of the aviation industry.

The state could also take stakes in companies, reports the Financial Times

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